NEW YORK, Oct. 9, 2018 /PRNewswire-PRWeb/ -- Joseph Sitt, Chairman of leading global real estate company Thor Equities, spoke on Fox Business' Varney & Co. about the growing trade war between China and the United States, and how its results will affect the global economy for years to come.
Mr. Sitt said the conflict is a much deeper story than many people think, and "there is now a hemispheric battle between the Dragon (China) on one side and the Eagle (United States) on the other."
He believes this will result in two different master spheres of economic influence in the world. For example, companies such as Alibaba and Tencent will dominate in countries that are aligned with China, while Amazon and Facebook will have the upper hand elsewhere.
Mr. Sitt's full Fox Business interview can be found at: Varney & Co.
About Thor Equities: Thor Equities is a leader in the development, leasing and management of commercial, residential, retail, hotel and mixed-use assets in premier urban locations worldwide. Headed by CEO Joseph Sitt, the company maximizes returns for investors by recognizing a property's potential, reducing operating expenses, increasing tenant satisfaction, and leveraging market trends to maintain a long-term competitive edge. Thor Equities is also the exclusive representative of global retailers through Thor Retail Advisors, a premier leasing agent for marquee properties worldwide. For more information, visit http://www.thorequities.com
SOURCE Thor Properties, LLC
Share this article